§ Mr. ClappisonTo ask the Chancellor of the Exchequer (1) what estimate he has made of the total annual cost to PEP investors of the reduction in the dividend tax credit in April 1999 in each subsequent financial year; [74493]
(2) how many (a) general and (b) single company PEP plans were in existence in (i) 1999–2000, (ii) 2000–01 and (iii) 2001–02; and how many UK individuals had investments in PEPs in each year; [74488]
597W(3) what estimate he has made of the average annual cost to (a) each PEP plan and (b) each PEP investor of the reduction in the dividend tax credit to PEPs in April 1999 in the financial years (a) 1999–2000, (b) 2000–01 and (c) 2001–02. [74492]
§ Dawn PrimaroloIn respect of PEPs, the reduction in the rate of the dividend tax credit is estimated to have saved around £200m in each of the years 1999–00 to 2001–02. Reliable estimates of the number of plans and UK individuals holding plans, and hence of the average cost, are not available from adminstrative data.